Tuesday, 7 August 2012

Do you still bank with lying cheating thieves?

Record fine for Barclays and 19 other banks being investigated over fixing the LIBOR rate.
http://www.bbc.co.uk/news/business-18982406
Standard Chartered in serious trouble now.
http://www.bbc.co.uk/news/business-19161362
Lloyds TSB former head of security prosecuted for fraud.
http://www.bbc.co.uk/news/uk-england-london-18204188

When will it all end?  I'll tell you when.  When you, the citizen's of the World, stop banking with lying cheating thieves.

Trust your money to a Mutual.

PS  Links open in new window.

Saturday, 30 June 2012

Capital Punishment

"Capital punishment is where the men with out the capital get the punishment."  Clive Stafford Smith author of "Injustice" on BBC Meet the Author 30 July 2012

I think that this can be more universally applied than just to the American Justice system.

Thursday, 28 June 2012

Barclays

Well, with the £290m fine of Barclays for lying about LIBOR do I hear the sound of chickens roosting?  Can someone explain why we should trust any bank with our money?  I think we should vote with our feet and only use Friendly (Building) Societies, Credit Unions, Peer-to-Peer Lending and The Post Office.  I am!

A pox on all their houses.

I would not trust Bob Diamond to buy me a Mars Bar with my money.

Wednesday, 6 June 2012

An example of the Law of Unintended Consequences

I am concerned about all those dangerous people who firmly believe that they are saving the World, when in fact they are doing the exact opposite.

I think that recycling is a case in point.  I have a suspicion that water usage has increased since the widespread introduction of recycling.  I mean who wants stinking cans and stuff hanging around for 2 weeks, especially in the Summer months.

Well, this year the UK suffered it's second dry Winter in a row (I'm sure this has happened before and will happen again).  Our increased water usage makes a drought more likely, as we have developed a less robust system of dealing with a changing climate.  

It is unfortunate, that the private water companies do not monitor water usage sufficiently robustly to prove my view one way or the other.  But, I for one, wash my stinking recycling and so it stands to reason that I must be using more water than I used to.   But it would be really good to actually know the facts of the matter.

Monday, 21 May 2012

Cruel Government

We need a compassionate State and not a cruel one.  It seems to me that all the people that did not cause the current problems are paying for them big time, but those are the people who bailed out the very people that caused all the problems in the first place.  Northern Rock and RBS should have been allowed to fail, that was the way to reduce the debt burden.  Why are we rewarding failure?  That way can only lead to one outcome ...failure.  That is cruelty on a macro level.